CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.063%

Price spread now: Arcus against RISEx−0.042%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on RISEx Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.194%−$19 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now −0.042%, 7d avg −0.096%

Together, before fees−0.284%−$28 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.054% dearer against RISEx than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CRCL/USDC	94.640	0.0534	pay 0.0067% / 1h	17m 18s	$432K	$303K	10x
Short	Arcus CRCL-USD	94.600	0.0533	get 0.0067% / 1h	17m 18s	$97K	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee ArcusbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$0.25
Price spread: −0.042% → −0.096%: $5.36
Slippage, 4 orders: −$17.95
Fee RISEx: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$23.33
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from RISEx: live order book, 61 min ago; Arcus: live order book, 61 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 61 min ago	1.59 bp	4.6 bp −$5	5.0 bp −$50	doesn't fit	doesn't fit
Sell Arcus live order book, 61 min ago	3.18 bp	10.1 bp −$10	10.7 bp −$107	doesn't fit	doesn't fit

CRCL on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CRCL_USDT	0.0000%	8h	94.650	+0.011%	$7.2M	$27.8M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.660	+0.021%	$1.0M	$52K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.590	−0.053%	$1.4M	$2.8M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.636	−0.004%	$896K	$2.9M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.510	−0.137%	$940K	$723K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.600	−0.042%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.596	−0.046%	$366K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.677	+0.039%	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.560	−0.085%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0054%	1h	94.653	+0.014%	$2K	$21K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	94.590	−0.053%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.660	+0.021%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.650	+0.011%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.600	−0.042%	$943	$3K	10x	as long as short
Bybit CRCLUSDT	+0.0103%	8h	94.650	+0.011%	$15.5M	$25.9M	50x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.628	−0.013%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0119%	8h	94.633	−0.008%	$776	$740	5x	as long as short
tradeXYZ xyz:CRCL	+0.0163%	1h	94.556	−0.089%	$71.8M	$43.5M	10x	as long as short
Variational Omni CRCL	+0.0184%	8h	94.712	+0.076%	$2.5M	$3.1M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0195%	8h	94.610	−0.032%	$22.9M	$60.8M	50x	as long as short
edgeX CRCLUSDC	+0.0206%	4h	94.751	+0.117%	$24K	$268K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0247%	8h	94.799	+0.168%	$55K	$1.1M	10x	as long as short
Extended CRCL_24_5-USD	+0.0248%	1h	94.600	−0.043%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0250%	8h	94.614	−0.028%	$109.7M	$390.4M	50x	as long as short
Aster CRCLUSDT	+0.0253%	8h	94.660	+0.021%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0272%	1h	94.573	−0.071%	$133K	$76K	3x	as long as short
Phoenix CRCL	+0.0288%	1h	94.711	+0.075%	$28K	$92K	10x	as long as short
Bitget CRCLUSDT	+0.0303%	8h	94.640	0.000%	$16.9M	$35.5M	25x	as long as short
Lighter CRCL	+0.0344%	1h	94.666	+0.027%	$3.1M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0365%	8h	94.810	+0.180%	$1.1M	$601K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+0.972%	$5K	$19K	30x	as long as short
Arcus CRCL-USDshort	+0.0533%	1h	94.600	−0.042%	$97K	$276K	10x
RISEx CRCL/USDClong	+0.0534%	1h	94.640	long leg	$432K	$303K	10x
Deribit CRCL_USDC-PERPETUAL	+0.0596%	1h	94.650	+0.011%	$4K	$772K	10x	as long as short